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Search Results 0 to 49 of about 134 (some duplicates have been removed)
PBS
Sep 21, 2010 7:00pm PDT
joins us. the federal reserve kept its key interest rate at zero, but said it's ready to take action to boost the economy when the time is right. that announcement came today as the fed wrapped up its policy meeting in washington. susie, one thing that stood out at this meeting is the fed is getting more worried about inflation. the problem is, inflation is too low, and below what the fed considers acceptable. >> susie: that could be the catalyst for the fed to pump more money into the economy. so what will the central bank do next? suzanne pratt reports. >> reporter: two more meetings. one two-day event in early november, the other in mid december. that's the window the fed has left this year to boost the economy. but, whether the central bank eases monetary policy in the next few months depends on what happens with the economy. and, fed watcher dana saporta says it's clear now that policymakers have linked their next move to inflation, or more specifically, the lack of it. >> i think the fed is loath to use the d-word, deflation. but, that's what they're talking about. if fears of def
PBS
Sep 27, 2010 6:30pm PDT
question: why did you do the deal? >> first of all, airtran brings us a number of things. they have a safe low cost high quality operation. they have a strong low fare brand. but most importantly, it provides us an opportunity to expand our route network. they fly places that we don't. we have very little overlapping routes. but notably, their largest operation is in atlanta. and we have no service to atlanta at all, as one example. it brings us more access to new york's laguardia airport, as well as first-time access for us to reagan national airport in washington d.c.. >> susie: where kelly, why did you do it now? >> i feel like we're ready now. first of all, things are so much better today than they were a year ago. our profit outlook is solid. we have plenty of cash on hand. we have a very strong balance sheet, with credit rating agencies affirming our credit rating today. so financially we're very well prepared for this. we also have a very strong leadership team. who is ready to add this major task to our list. and then we have the tools in place today that we just haven't had
PBS
Sep 16, 2010 6:30pm PDT
fulfill its promise of balanced international trade. they want us to overcome our addiction to chinese-funded debt. >> reporter: so what happens next? the administration is promising to press china on its currency when it meets with other world leaders in korea in november. and then there is the usual talk in congress of passing a tougher law. >> i think the only way that we'll get them to feel we're more serious is if we start moving legislation in this congress that has more teeth. >> reporter: the administration did suggest today that it wants to see china allow it's currency to move about 20% higher against the dollar. since june, the change has been just 1.5%. darren gersh, "nightly business report," washington. >> susie: meanwhile, president obama was talking up the need for american businesses to export more. meeting with his export council, the president renewed his pledge to double the nation's exports over the next five years. he says boosting them means more american jobs. >> the world wants to buy goods and services made in the united states, and our workers are rea
PBS
Sep 9, 2010 7:00pm PDT
you. thank you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. one word describes the mood of american businesses these days-- "uncertainty." susie, many companies are flush with cash, but they're not spending it or using it to hire workers because they're uncertain about the outlook on a host of important issues. >> susie: whether it's taxes, tom, new regulations, or health care reform, executives are not sure how these policies will impact their businesses. many economists say that uncertainty is a significant obstacle to economic recovery. >> tom: lawmakers return next week to washington, and republicans are expected to reopen debate on parts of healthcare reform. as stephanie dhue reports that'll add even more uncertainty to the business environment. >> as the november election draws near, senate republicans are sharpening their differences with democrats on health care. senator mike johanns says new requirements for small business tax filing have to go. he's making a case for that on youtube. >> this will mean a mountain of new paperwork for as
PBS
Sep 23, 2010 6:30pm PDT
to close their markets. >> susie: that's u.s. trade rep ron kirk. he joins us for an exclusive interview about our trade issues with china. you're watching "nightly business report" for thursday, september 23. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. president obama today met with china's premier in new york city, and, susie the leaders of the world's two biggest economies pledged to work together on boosting the global recovery. >> susie: but tom, in their public remarks, the men didn't talk about china's undervalued currency. instead, that's said to have topped the agenda for their private meeting. the issue-- keeping china's currency artificially low puts american exports at a disadvantage overseas. >> tom: lawmakers in washington, meantime, are closer than ever to acting on threats to penalize china over its currency. earlier
WETA
Sep 20, 2010 6:30pm EDT
counts. >> reporter: vincent reinhart used to help the fed meet its dual mandate as a senior policy adviser. with unemployment at close to 10%, he says it's clear the economy isn't operating anywhere close to maximum employment, which is closer to 5%. and what about price stability? indicators of core inflation are under 1%, with many prices flat or falling. but that isn't the same as price stability. >> it's possible to have too much of a good thing. >> reporter: why? because periods of high unemployment tend to push prices down and prices are not stable when they are rising or falling too much. >> as inflation starts falling and maybe even veering into deflation, the real value of what you have to pay back goes up and up and up. so it's harder for people who borrow, including the u.s. government, in that regard. >> reporter: with the fed failing to meet either of its mandates, economist josh bivens says the conclusion is clear. >> you're missing both mandates, but in the same direction for once. we're not acting aggressively enough to drive down unemployment, and we're not even ac
PBS
Sep 8, 2010 1:00am PDT
sponsored by wpbt >> tom: good evening, everybody, and thanks for joining us. too little too late. susie, that's the initial reaction from some business leaders to president obama's latest proposal to give tax breaks for businesses. >> susie: tom, the president will detail the plan tomorrow in cleveland. he's proposing that companies write off 100% of their investments in plants and equipment through next year. >> tom: the administration estimates the plan would cut business taxes by about $200 billion over the next two years. for some businesses, this "expensing" proposal could amount to a half-off sale on new equipment. darren gersh reports. >> reporter: you've probably heard about all those businesses sitting on their money, waiting for things to get better. the president's expensing plan could give executives an incentive to make a big purchase, says small business advocate todd mccracken. >> and what that does is it uses up a lot of extra cash that especially a lot of big companies seem to have right now bur that they're not using, they're not investing. and that has the potential t
PBS
Sep 17, 2010 7:00pm EDT
, and thanks for joining us. susie gharib is off tonight. i'm joined by my colleague suzanne pratt. gold prices have never been this high, suzanne, topping $1,277 an ounce in today's trading. >> suzanne: tom, gold's not the only metal shining on wall street. silver is at a 30-year high, closing at $20.82 an ounce. >> tom: been quite some rally, but the high prices metals are getting aren't scaring off buyers. as scott gurvey reports, the big rally in metals is expected to continue. >> reporter: five records in six weeks. it seems all that glitters on the futures exchanges are contracts in gold. analysts at goldman sachs, the royal bank of scotland and deutsche bank all published research notes making the case for the yellow metal today. analyst jim steel at h.s.b.c. says there are many reasons to expect the trend to continue. >> we still have a lot of financial market fragility, a lot of uncertainty about the economy going forward. we've had the reintroduction of quantitative easing, and we've also had a lot of volatility in the currency markets. when you combine all those things,
PBS
Sep 13, 2010 7:00pm PDT
that got us into trouble a couple of years ago. >> reporter: some experts also believe the new capital standards will result in the return of juicy dividends, something that's been missing since the financial crisis unfolded. >> the banks have been precluded from paying dividends because they didn't know what capital needed to be, and they had to keep it all. now we see a number of banks that are going to be able to come out next year and raise their dividends. that's important from an investment standpoint. >> reporter: others say banks should now feel more comfortable using their excess capital to buy back shares, make acquisitions or maybe even make new loans. still, the basel agreement consists of broad generalizations without a lot of specifics. credit suisse analyst moshe orenbach says investors need to keep in mind that u.s. regulators aren't done yet making new rules for u.s. banks. >> the most definitive capital standards will be those written by the federal reserve over the course of the next year. and, they will take these basel standards into account. so, i guess it
PBS
Sep 28, 2010 7:00pm EDT
already announced plans for 600 temporary toys 'r us express shops. the associated press is reporting the f.b.i. and the labor department are investigating the former head of the service employees international union for possible corruption. at issue: andy stern's approval of a california union leader's salary. stern resigned from the union abruptly in april. >> tom: still ahead, tonight's word on the street is "frontier." find out why that could be the place for global investors with an appetite for risk. >> susie: $1,300 and then some-- that's where gold prices closed today. gold rallied for the fifth straight day to a new high of $1,308. the precious metal is up 32% in the past year as investors seek safety. long-time metals traders like m.f. global's kevin grady think the buying binge will continue. >> well, i think we definitely hit $1,400 by christmas and possibly $1,500. i think, you know, what you need to look at is, who is going to step up and sell it? the bottom line is that it's very hard for these miners to get the gold out of the ground. >> susie: grady thinks d
WETA
Sep 4, 2010 1:00am EDT
much of a challenge it's been for us. >> reporter: experts in manufacturing, like jerry jasinowski, aren't surprised. he estimates one fifth of the nation's unemployment problem is structural, meaning there's a mismatch between what people can do and what the economy needs them to do. >> all of this talk about short- term stimulus, even with the good ideas that are sometimes laid out, misses the point that there is not a short-term fix to this high unemployment problem. we are in a new slower growth economy with higher unemployment, and we are going to have to invest a lot more in skill training. >> reporter: but greenblatt's strategy is to keep costs low, move fast and deliver high quality. that's how he beats china. to do that, he says, he needs workers right now. so why don't you just train them, isn't that the solution? >> : that's a good strategy, the problem is that we're lean. and when you're lean, you don't have a lot of people who are around who have free time to train. >> reporter: other employers we spoke with say some jobs are hard to fill, but for different reasons. so
PBS
Sep 1, 2010 6:30pm PDT
be our huge seller for us, not just in the u.s., but on a worldwide basis. it is a car with zero emissions. it only produces steam. >> susie: but can you make money on it? >> that's why we are putting so much money in it. we believe eventually we will be able to make money. but it is expensive, but it is the right solution. >> susie: and mercedes benz is an underwriting of "nightly business report." >> tom: worries about the economy took a back seat thanks the better showing by u.s. manufacturers in august. let's take a look at tonight's "market focus." industrial, financial and energy stocks led the way up. all the major sectors were stronger. manufacturers like eaton were pumped up by the industry data showing a healthy expansion. eaton makes products for several industries including automotive, aerospace and even golf club grips. shares jumped almost 8% to a two-week high. engine marker cummins rallied more than 7%, recovering most of what it had lost since mid- august. the firm's corporate bond rating was upgraded by s&p. financial stocks also helped the market. bank of ameri
PBS
Sep 16, 2010 1:00am PDT
members to do something real. and this doesn't get us there. >> reporter: the administration proposes increasing enforcement and inspection staff at the pipeline and hazardous materials safety administration. it also wants to raise the maximum penalty for safety violations from $1 million to $2.5 million. safety advocates want the agency to do a better job informing the public about potential problems, and to boost safety inspections. critics say the agency also has to change its culture. case in point: the agency head, cynthia quarterman, used to be an attorney for enbridge. >> the oil company has had two the oil company has had two significant pipeline leaks in recent months. quarterman has recused herself from issues involving the company, including testifying before congress. deputy transportation secretary john porcari defended her today, before the house transportation committee. >> we selected an administrator that had both public and private sector experience. >> reporter: republican bill shuster says it's probably too late for congress to pass legislation this year. >> i don'
WETA
Sep 25, 2010 1:00am EDT
experience. >> it's a little difficult for us right now. there is competition. a lot of the friends who graduated with me are looking for the same position, and we all have the same credential. so there is a tough competition. >> reporter: does that make you worried at all? >> of course, because i really don't know when i'm going to get a job. hopefully soon. >> reporter: another problem: there are thousands of nurses and technicians who would normally be retiring right now. but the bad economy has them staying on the job. dade medical college c.e.o. ernesto perez thinks that's a short term situation. >> it's a logjam, but it's a logjam that in the not-too- distant future. the dam is going to be burst. we're looking at 1.8 million people in medicaid, that will impacting the state of florida directly by most estimates. when you look at that, we're going to be needing nurses, technologists, physicians. >> reporter: as for our stock broker turned nurse... he shook a lot of hands, and talked with a lot of people, and he's convinced he'll soon find a nursing job. >> without a doubt. i always
PBS
Sep 9, 2010 1:00am PDT
moving forward with policies that are slowly pulling us out? >> reporter: too slowly, republicans fired back. on jobs, republican leader john boehner argued the president's policies are the problem, and a few new ideas won't change that. >> until this uncertainty and spending is under control... i don't think these are going to have much impact. >> reporter: what does all this politicking mean for your bottom line? first, on those new proposals from the president: $50 billion in infrastructure spending, an expansion and extension of the research and development tax credits, and 100% expensing of new equipment. the last is most likely to become law, and even that analysts consider a long shot. second, whatever the election outcome, there will be less help coming for the economy. goldman sachs washington analyst alec philips says that's one reason his firm is downgrading their economic forecast for 2011. >> there's really three things happening there. one is the fading effect of the 2009 fiscal stimulus bill. number two is our concern that congress will not extend unemployment benef
PBS
Sep 6, 2010 6:30pm PDT
: good evening, everyone, and thanks for joining us for this labor day special edition. the jobs picture just keeps getting worse. tom, back in january, the economy was adding jobs and the recovery was gaining momentum. then europe's debt woes exploded and the global recovery came to a grinding halt. >> tom: susie, the latest employment numbers aren't much help. 54,000 jobs disappeared from u.s. payrolls in august, and the unemployment rate hit 9.6 >> susie: so how bad is the employment picture, and how long will it take to get back to where we were before the recession started? suzanne pratt puts it in perspective. >> reporter: it seems lately that signs like these are extremely hard to come by. even though the great recession may technically be over, the labor market is far from recovered. the nation's unemployment rate hit 10% late last year and has hovered just below there ever since. but economist dan greenhaus says that widely quoted number understates the magnitude of the job crisis and the inequalities within it. >> if you're an advanced degree white guy working not in constructi
WETA
Sep 15, 2010 12:30am EDT
you. thank you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. the nation's retailers had a relatively strong back-to-school selling season, and susie, that has investors and traders wondering how the sector will do this holiday season. >> susie: tom, the commerce department reports retail sales rose for the second straight month in august. sales were up a better-than- expected four-tenths of a percent last month, while july's sales were also revised higher. >> tom: with "back to school" in the rear view mirror, retailers are looking ahead to the holiday selling season. many stores are deciding now how many temporary workers to hire, if any. as erika miller explains, those decisions can provide some important hints about the strength of holiday sales. >> reporter: in brooklyn, under the manhattan bridge, is a gift shop called stewart/stand. it's a family-owned business-- penelope runs the store, while her brother-in-law paul is in charge of the wholesale division. though it's only september, the two are already finalizing holiday hiring decisions. >>
PBS
Aug 31, 2010 7:00pm PDT
of concerns about what the treasury yields are telling us, that i think that september might be true to form. >> reporter: as to why september historically is so grim for stocks, experts have a few theories. some say investors refocus on their portfolios after summer vacation. others speculate many americans sell stocks in the fall to pay hefty tuition bills. suzanne pratt, "nightly business report," new york. >> susie: here are the stories in tonight's nbr newswheel. a mixed close on the last trading day of the month. the dow added five points, the nasdaq lost six, and the s&p 500 edged up a fraction. volume climbed a bit from yesterday's pace-- 1.4 billion shares on the big board and 2.1 billion on the nasdaq. minutes from the fed's latest policy meeting show some members think the central bank should provide more support if the economy weakens further. fed officials eventually agreed to reinvest the proceeds from their huge mortgage bond portfolio into treasuries. single family homes in major cities saw a modest price increase in june. the s&p/case shiller home price index ro
PBS
Sep 30, 2010 7:00pm EDT
-p fell 4% in after- hours trading. joining us now with more on h-p is tom smith, equity analyst at standard and poor's. hi, tom. >> hi, thanks for having me. >> susie: so is leo apotheker the right person for this job. >> hp could have chosen from all across silicon valley and they chose him. he is a guy with some stormy tenure in his last days at hp but he knows software deeply as does ray lane and i think he can steer the company in a useful direction by taking them into software. >> susie: so actually that is interesting. both-of-these two new top executives have software expertise. do you think that means that hp is going to move more in that direction and away from hardware and services? >> well, i think so. i think they have recently built up the services through the eds acquisition and hardware through 3come, the palm, the three par acquisitions this area and some others. so i think they are really set up well in hardware to expand in a comprehensive data center offering. but you want hardware software and services and software where they are looking-- lacking in terms of wh
PBS
Sep 22, 2010 6:30pm PDT
define what high cholesterol is or how many visits and says, "use good medical management," well, that's an open-ended and very debatable question. >> reporter: also debatable? how disruptive the new law will be. already, insurers including aetna, cigna and humana say they will stop selling plans that cover only children. since they can't limit pre- existing conditions, insurers worry parents will wait until after kids are sick to buy coverage. and this is only the beginning. most of the big changes don't kick in until 2012, including new purchasing pools and the requirement for everyone to have insurance. florida insurance commissioner kevin mccarty expects lots of changes between now and then. >> some companies are going to be deciding whether to stay in the market. we obviously like to see a conservative approach to keep as many people in the marketplace as possible. >> reporter: while there is a lot of uncertainty in the implementation of the health care law, there's also uncertainty about the law itself. florida is one of 20 states suing to block the health care law, and man
Search Results 0 to 49 of about 134 (some duplicates have been removed)